Of course I was only half joking in this headline. Kara and Rob did a much better job than I did (they should, Kara works for DowJones and Rob works for BusinessWeek) and the panel was a lot of fun. Hopefully I didn’t say too many things that’ll show up on Valleywag over the weekend.

NASDAQ should delist Baidu immediately in retaliation, if this is true. The USA should pull out of the Olympics next year. China is counting on that to make a ton of great PR and make China look like a world leader (which it is, but things like this set it way back in my mind). We shouldn’t enable the American media to be used with the Olympics if this turns out to be true.

I’m going to the Web 2.0 Summit today. I imagine this will be the topic of conversation. If it’s not, it immediately should be on stage and out in the hallways.

This is a reminder that China is a communist country where the people aren’t really allowed to own things and where businesses don’t really need to play fair.

It’s ironic because many of Google/Yahoo/Microsoft’s best employees are Chinese (all three have big operations in China and Google hired away one of the most famous Chinese employees from Microsoft, Dr. Kai-Fu Lee. So famous that I hear football stadiums get filled when he speaks). These companies are so dependent on these workers that they aren’t willing to pull out and punish the Chinese for actions like these.

Translation: the Chinese get to have their cake (our money coming over for everything from toys to paying their top software researchers) as well as eat it too (keep our brands and technology out of the country). I wonder what Rebecca MacKinnon will say about this. She’s a journalist that’s covered China for a very long time.

Also will be interesting to see what Global Voices Online will say about this. They track Internet censorship and business disruptions around the world.

It’s important to note that some people, in TechCrunch’s comments, are saying that this isn’t going on across the board.

What do you think? If you’re in China, what are you seeing?

By the way, I’ve really got to compliment TechMeme. Some times it looks pretty lame, but over the past three days I’ve dug through more than 10,500 posts according to Google Reader and it’s really hard to find legitimate news that belongs on TechMeme that isn’t already there. Gabe Rivera has built something that does have real value, even if once in a while something stupid gets up there too.